#BTCRebound

Bitcoin has traded between $86,678 and $87,105 over the last hour, flashing strong bullish momentum on April 21. It is trading in a wide intraday range between $84,037.68 and $87,765. With a market cap of $1.73 trillion and 24-hour volume at $24.51 billion, signs point to a confident rally, but short-term consolidation remains on the table.

Bitcoin

On the daily chart, bitcoin has staged a significant rebound after bottoming near $74,434, with price action pushing up to a high of $88,772. The bullish reversal is underscored by a surge in volume, confirming strong buyer interest. This reinforces the support zone near $74,400 as a technically significant level. With daily momentum favoring bulls, the uptrend appears robust, though recent price extension warrants cautious optimism as conditions approach short-term overbought territory.

The four-hour chart shows bitcoin breaking out above resistance at $87,765 following a bounce from support at $83,100. The move was backed by a clear volume spike, confirming strength. However, the price has since pulled back modestly, signaling a possible consolidation phase before the next leg upward. Traders should monitor the $86,000–$86,300 region for potential long entries if downside volume remains weak. A drop below $85,500, accompanied by increasing volume, could lead to a retracement toward the $84,000 level.

On the one-hour chart, bitcoin’s recent rally to $87,765 occurred with strong upward momentum and large bullish candles. However, immediate profit-taking has introduced a pullback, with the price now testing short-term support zones. A bullish flag or pennant appears to be forming, which, if confirmed, could facilitate a breakout continuation. A break above $87,800 would favor scalpers, while a failure to hold $86,000 could trigger a brief selloff.